Published 2015-03-01
How to Cite
Copyright (c) 2023 Alexander S. BURNASOV, Maria Y. ILYUSHKINA, Yuri Y. KOVALEV, Anatoly V. STEPANOV
This work is licensed under a Creative Commons Attribution 4.0 International License.
Abstract
Upgrading shows that both local and global dimensions matter. Clustering and
transnational corporations offer substantial advantages, and participating in global value
chains and interacting with foreign buyers and companies may enhance local firms'
capabilities to produce goods. However, what matters most markedly is the form of
governance of value chains and clusters, which affects the upgrading process of
territorial systems. Competitive factors that influence innovative models of regional
economic development and lead to successful country and regional scientific and
technological policies are investigated. The emergence of new fields, including research
into responses to informationization and globalization, financial geography, etc., has
brought more vitality and diversity into economic geography. This paper aims to
contribute to the understanding of how to make a regional innovation system work and
what important aspects should be considered for the successful implementation of
innovation policy.